Farmland supply in Kildare is tightening. The number of farms and acres put up for sale fell – again – in 2021. Thirty farms got a “For Sale” sign, down from 38.
The total area on offer was 1,394ac, well down on the 2,054ac of the year before. There is no single obvious reason why this is happening.
Half of the holdings for sale last year were under 40ac, half over. Only three came with residences. The holdings on offer were mostly good-quality land with just a few low-lying holdings in the west of the county.
Average price fell by €800/ac to €15,646 – which is still well above national average. The top price paid was €29,762/ac for a holding in the centre of the county, sold by private treaty, which attracted an equestrian buyer.
The lowest price was €6,615/ac for a piece of wettish land in the north of the county, suited only for summer grazing, again sold by private treaty. We cannot disclose further details of these private treaty sales.
But most of the holdings sold in Kildare were close to the average price and within the range of €13,000/ac to €16,000/ac.
There was a wide range of buyers. The broad business category was most active, buying over one third of holdings. The beef category bought 21% and the remainder was split evenly between dairy, mixed farming and other. As would be expected in the case of Kildare, the other category included equestrian interests.
Kildare is a good county for auctions. Almost half (14) of the 30 holdings sold went for auction.
Farmland supply in Kildare is tightening. The number of farms and acres put up for sale fell – again – in 2021. Thirty farms got a “For Sale” sign, down from 38.
The total area on offer was 1,394ac, well down on the 2,054ac of the year before. There is no single obvious reason why this is happening.
Half of the holdings for sale last year were under 40ac, half over. Only three came with residences. The holdings on offer were mostly good-quality land with just a few low-lying holdings in the west of the county.
Average price fell by €800/ac to €15,646 – which is still well above national average. The top price paid was €29,762/ac for a holding in the centre of the county, sold by private treaty, which attracted an equestrian buyer.
The lowest price was €6,615/ac for a piece of wettish land in the north of the county, suited only for summer grazing, again sold by private treaty. We cannot disclose further details of these private treaty sales.
But most of the holdings sold in Kildare were close to the average price and within the range of €13,000/ac to €16,000/ac.
There was a wide range of buyers. The broad business category was most active, buying over one third of holdings. The beef category bought 21% and the remainder was split evenly between dairy, mixed farming and other. As would be expected in the case of Kildare, the other category included equestrian interests.
Kildare is a good county for auctions. Almost half (14) of the 30 holdings sold went for auction.
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